Overview
- Storonsky told Bloomberg on Thursday that Revolut would favor a primary listing in the United States and aims to “dominate” the U.S. market by rolling out credit cards and loans after a full charter is in place.
- Revolut won conditional approval from the U.S. Office of the Comptroller of the Currency in September and is still pursuing remaining approvals from the FDIC and the Federal Reserve needed to operate as a full U.S. bank.
- Management says any initial public offering is unlikely before 2028 and will be timed to market conditions, final regulatory clearances, and the company’s valuation targets.
- The firm now holds six full banking licenses worldwide, including a recent license in Colombia, and its private valuation near $115 billion will shape how employee equity and shareholder sales are handled at IPO.
- A U.S.-first listing would give Revolut access to a larger investor base and more liquidity but does not rule out a dual New York–London listing, a choice that could affect London’s efforts to attract major tech listings and intensify competition with U.S. banks.